MOLYCORP INVESTS IN WIND ENERGY TECHNOLOGY COMPANY
Sept 13 (Reuters) - Molycorp Inc , the largest U.S. producer of rare-earth metals, said it invested in Boulder Wind Power in a deal that gives it board representaion and makes it the preferred supplier of rare earth materials to the wind turbine maker.
Boulder Wind has developed a technology to make rare earth permanent magnets without dysprosium, a relatively scarce rare earth. This could lower the cost of producing power and allow it to compete directly with fossil fuel-based power generation.
US DOE FINALIZES LOAN AID FOR ABENGOA SOLAR PROJECT
WASHINGTON, Sept 13 (Reuters) - The U.S. Energy Department on Tuesday said it has finalized a $1.2 billion loan guarantee for a solar project sponsored by Abengoa Solar Inc .
The Mojave Solar Project, located in San Bernardino County, California, is supposed to help create more than 900 construction and permanent operations jobs.
BROOKFIELD TO CREATE RENEWABLE ENERGY HEAVYWEIGHT
VANCOUVER, Sept 13 (Reuters) - Brookfield Asset Management said on Tuesday it will merge the power generating assets of one of its units with Brookfield Renewable Power Fund to form one of the world's largest, listed renewable power businesses.
The combination of Brookfield Renewable Power Fund with the power assets of Brookfield Renewable Power Inc will create a business with 4,400 megawatts of installed power-generating capacity in Canada, the United States and Brazil.
JAPAN PLANS FLOATING WIND POWER FOR FUKUSHIMA COAST
TOKYO, Sept 13 (Reuters) - Japan will join the race to develop floating wind turbines to use in deepwater off its tsunami-stricken northern Pacific coast as it rethinks energy sources after the Fukushima nuclear disaster.
It aims to outpace the leaders in the sector in Europe, trade ministry official Masanori Sato said on Tuesday.
HIGH WINDS LEAD UK TO HALT TURBINES FOR 3RD NIGHT
LONDON, Sept 13 (Reuters) - Britain's energy network operator National Grid stopped a number of wind turbines in Scotland for a third consecutive night on Monday, the operator said, as high winds threatened to cause an overload in power output and block the grid.
"There was some curtailment again last night due to high wind generation and low demand - 650 MW (megawatts), about 13 wind farms," a spokesman for National Grid said.
SAMSUNG, PATTERN BUY ONTARIO WIND PROJECT
TORONTO, Sept 12 (Reuters) - South Korea's Samsung and Pattern Energy Group have acquired a wind power project in Ontario for an undisclosed price.
The companies, which bought the project from Spain's Acciona , will increase the planned capacity of the Armow project in Kincardine, Ontario, to 180 megawatts. Construction will begin in 2013 and finish the next year.
UK SHUTS DOWN WIND TURBINES AS STORM KATIA HITS
LONDON, Sept 12 (Reuters) - Britain's energy network operator National Grid may need to shut down a number of wind power farms on Monday night as strong winds threaten to overload the transmission system with electricity at times when demand is low, a spokesman said.
"If we've got constraints and too much generation we'll go back in there. Nothing (is decided) yet today but if it stays this windy, we may have to look at it," he said.
CZECHS FACE HIGHER POWER PRICES DUE TO SOLAR RISE
PRAGUE, Sept 9 (Reuters) - Czechs face higher electricity bills starting in 2013 due to a bigger-than-expected jump in solar power production, according to the country's energy regulator.
An Energy Regulatory Office spokeswoman said on Friday that as a result of the higher solar production so far this year consumers would need to pay out an extra 3.7 billion Czech crowns ($207 million) in 2013 to cover incentives guaranteed to generators.
ITALY TOTAL SOLAR CAPACITY TO HIT 12,000 MW END-2011-GSE
MILAN, Sept 8 (Reuters) - Italy, a major solar market in the world, is expected to boost its total installed photovoltaic capacity to 12,000 megawatt at the end of 2011 fuelled by generous production incentives, Italy's energy services agency GSE said on Thursday.
Italy's total installed photovoltaic (PV) capacity -- which turns sunlight into power -- has already exceeded 10,000 MW with about 6,500 MW that have come on stream so far this year, Italy the world's top market in terms of new capacity installed in 2011, GSE said in a statement.
GERMAN SOLAR INCENTIVES FACING BIG CUT-SOURCES
BERLIN, Sept 7 (Reuters) - A pick-up in solar panel installations in Germany in recent months is likely to cut industry incentives more than expected next year, government and industry sources said on Wednesday.
About 1,250 megawatts (MW) of solar power capacity was installed in June and July, more than in the first five months of the year combined, two people familiar with the figures told Reuters on Wednesday.
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